Saturation of markets turns up heat on owners

Saturation of markets turns up heat on owners

THE Angkor Night Market in Siem Reap has been an iconic tourist magnet since it was founded in 2007. But with so many copycat night markets, not to mention day markets, muscling in on the territory, market director Lim Nam feels he is under siege.

Battling to wrest the tourist dollar from his competitors, Lin Nam insists his market is still the biggest and best in town.

“We keep it original, and cheaper than the others. We were the first to have the Doctor Fish Massage. This was our creation, but now there are about 40 of them,” he said.

“This market was created to promote local products as much as we can. We go to local villages and source original handmade products. But now there is a problem with too much competition, so we plan to do more entertainment with more shows and we may consider expansion. But only quality expansion, as we only want full stores.”

Chrissy Black, a 21-year-old backpacker from Australia, is a fan of the Night Market. “I went to the other markets first, but this night market is much nicer. I like the tropical garden setting where you can relax at the bar with a drink, and the entire setup of the place is better,” she said.

Lim Nam said that he makes it easy for local traders to establish stalls in his market. “We only charge $500 for a year lease, and if they can’t afford that, we only ask for a three month deposit on the year lease,” he said.

“We don’t do commissions, and we provide security, equipment and also services like repairs.”

In his role as director, Lim Nam says he understands the competition in town is hurting his stall owners. “Incomes are not what they expect due to competition. But we advertise strongly to promote the market as a unique local Cambodian market. We lead this market with trained management, so it works better.”

MOST VIEWED

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National